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Poster: direwolf0701 Date: Oct 27, 2009 8:53am
Forum: GratefulDead Subject: thought for the day

The amount of noise which anyone can bear undisturbed stands in inverse proportion to his mental capacity.

Arthur Schopenhauer



(seems to apply to this forum quite succinctly)

:)

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Poster: roughyed Date: Oct 27, 2009 10:38am
Forum: GratefulDead Subject: Re: thought for the day

IF IT'S TOO LOUD YOU'RE TOO OLD - Beethoven should have told Schopenhauer that, and perhaps he wouldn't have written volumes of drivel.

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Poster: direwolf0701 Date: Oct 27, 2009 10:48am
Forum: GratefulDead Subject: Re: thought for the day

german philosophers are most certainly experts at verbose drivel (although dear Frederick does have a few gems)

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Poster: skies Date: Oct 27, 2009 3:54pm
Forum: GratefulDead Subject: Re: thought for the day

The french and americans are pretty good are verbose drivel too !

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Poster: direwolf0701 Date: Oct 27, 2009 4:07pm
Forum: GratefulDead Subject: Re: thought for the day

i can out-drivel anyone from the paint

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Poster: elbow1126 Date: Oct 27, 2009 9:10am
Forum: GratefulDead Subject: Re: thought for the day

I think you need to say that louder to get through to this crowd.

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Poster: William Tell Date: Oct 27, 2009 9:50am
Forum: GratefulDead Subject: Re: thought for the day

How come everyone else got this so quickly?

I'm still trying to figure it out...inverse? OK, check. relation? Hmmm...wiki...hmmmm...oh...uh...check!

Putting it all together, is the point that the louder I speak, the dumber the crowd that takes it in? Don't the smarter ones hear by defn? IE, they tolerate low vol, but just don't like high vol, or is this an inappropriate inference of your theorem?

I am lost...and I do still want to know what my hearing loss has to do with this equation.

Since I have to have it loud, does that mean I've gotten stupid as I age? Many would say it's hard to improve on THAT relationship!

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Poster: jglynn1.2 Date: Oct 27, 2009 10:04am
Forum: GratefulDead Subject: Re: thought for the day

Nice stratagy

complicate the issue and then act confused

typical 'old person' approach

Do you get the Sr. Discount when you purchase your Ratdog tix?

:)

I must be monumentally mentally challenged as I always listen with the volume way up.

Loud noise only disturbs me if it interferes with the loud music I'm listening to - eh what was that you said?

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Poster: William Tell Date: Oct 27, 2009 10:16am
Forum: GratefulDead Subject: Re: thought for the day

Oh yeah! WTF! When IS that gonna kick in? We should defn see some sort of discount at the entire DEAD store, don't you think? They spend their time trying to "go green" to cater to those of us with inclinations along those lines, BUT really, shouldn't it be the "senior discount" angle they pursue?

Or, do they figure their entire client base would be getting the discount and flush their meager profits down the tube by adopting it?

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Poster: direwolf0701 Date: Oct 27, 2009 10:18am
Forum: GratefulDead Subject: Re: thought for the day

"Loud noise only disturbs me if it interferes with the loud music I'm listening to "

a prepoderate truism if there ever was one

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Poster: William Tell Date: Oct 27, 2009 10:23am
Forum: GratefulDead Subject: Re: thought for the day

"prepoderate"

Fourmiation, # 324.

User: Dire
Pron: "Pre POD irate"

Defn: When one is irritated because the restroom is occupied, preventing one from beneficial "pod" behavior.

Altdefn: When two or more Forumites are in the same geographic locale, a forum "pod" can be said to exist. The instant in time before said pod forms is the "pre" stage. The expected outcome of said pod formation is "irritation" for one and all exposed to said pod.

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Poster: skies Date: Oct 27, 2009 3:30pm
Forum: GratefulDead Subject: Re: thought for the day

Are we supposed to understand what you are saying , William Tell ?

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Poster: William Tell Date: Oct 27, 2009 3:48pm
Forum: GratefulDead Subject: Re: thought for the day

Stick around...it'll come to you.

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Poster: skies Date: Oct 27, 2009 4:01pm
Forum: GratefulDead Subject: Re: thought for the day

When ,how ,where , why ,who , W.Tell ?

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Poster: direwolf0701 Date: Oct 27, 2009 10:34am
Forum: GratefulDead Subject: Re: thought for the day

holy shit - i almost blew my coffee out my nose reading that!! way too funny!!

guess i gotta pay more attention to my typos (though the resultant jocularity from my errors is more than worth the shame of erroneous typographical key striking/omissions)

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Poster: robthewordsmith Date: Oct 27, 2009 10:33am
Forum: GratefulDead Subject: Re: thought for the day

prepoderate: from suffix 'pre'= before, 'pod' = foot, 'er' - a hesitation in speech, 'ate' = the simple past of eat

one who does not hesitate before putting his foot in his mouth.



I notice Tell was pretty quick off the mark for an old fellow.

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Poster: deadski Date: Oct 27, 2009 10:52am
Forum: GratefulDead Subject: Re: thought for the day

I've heard WT is a highly decorated Odd Fellow by being reared as one of mason's children.

http://www.phoenixmasonry.org/masonicmuseum/fraternalism/rebekah_grand_ioof.htm

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Poster: William Tell Date: Oct 27, 2009 3:08pm
Forum: GratefulDead Subject: Re: thought for the day

Gawd Dam it, Rob! You are just too good at this shit...no wonder my "offificia" never stood a chance...

Ah, those were the days, eh?

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Poster: robthewordsmith Date: Oct 27, 2009 3:12pm
Forum: GratefulDead Subject: Re: thought for the day

My friend, as long as we're still here - these ARE the days.

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Poster: direwolf0701 Date: Oct 27, 2009 10:37am
Forum: GratefulDead Subject: Re: thought for the day

yeeesh - i leave one tiny little letter out and all hell breaks loose ;)


(funny stuff, indeed)

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Poster: robthewordsmith Date: Oct 27, 2009 10:52am
Forum: GratefulDead Subject: Re: thought for the day

I notice nobody picked Tell up on 'fourmiation' (a state of carnal activity between a threesome and an orgy). Are we going soft on the old guy?

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Poster: direwolf0701 Date: Oct 27, 2009 10:59am
Forum: GratefulDead Subject: Re: thought for the day

SDH says WT is pretty soft already based upon....

oh, never mind, i wont go there


;)

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Poster: robthewordsmith Date: Oct 27, 2009 11:07am
Forum: GratefulDead Subject: Re: thought for the day

Too late. You just did. And I was about to eat too.

Ehhhwwhhhhcchh...

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Poster: skies Date: Oct 27, 2009 3:29pm
Forum: GratefulDead Subject: Re: thought for the day

Mad hat !

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Poster: direwolf0701 Date: Oct 27, 2009 4:06pm
Forum: GratefulDead Subject: Re: thought for the day

"that's some bad hat, Harry"




(sorry)

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Poster: robthewordsmith Date: Oct 27, 2009 10:04am
Forum: GratefulDead Subject: Re: thought for the day

No doubt there's a paper in the library that has a full statistical analysis of the loud/dumb : quiet/smart relationship theorem.


I SAID, NO DOUBT THERE'S A PAPER IN THE LIBRARY...

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Poster: direwolf0701 Date: Oct 27, 2009 10:17am
Forum: GratefulDead Subject: Re: thought for the day

lmao!!!!


just knew SOMEONE was going to come out with a "silly" like that - not surprising it was you Rob :)

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Poster: high flow Date: Oct 27, 2009 10:20am
Forum: GratefulDead Subject: Re: thought for the day

Very nice Rob. Now keep it down.

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Poster: William Tell Date: Oct 27, 2009 10:18am
Forum: GratefulDead Subject: Re: thought for the day

You know, in that CREAM 68 DVD, Jack Bruce spoke of the loudness issue, citing works that established for some organisms there is a mechanism that dampens the impact of loud sounds on the delicate inner ear...this is esp true of frogs and toads, though I don't know if Jack was implying that Mr Toad was a regular member of CREAM's audience.

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Poster: RBNW....new and improved! Date: Oct 28, 2009 1:50am
Forum: GratefulDead Subject: Re: thought for the day

· 0 fans >>·"Constantly choosing the lesser of two evils is still choosing evil." Garcia, Jerry.

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Poster: robthewordsmith Date: Oct 27, 2009 9:27am
Forum: GratefulDead Subject: Re: thought for the day

So, the louder I like it the more mentally challenged I am?

Hey, I like a challenge.

:-)

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Poster: fireeagle Date: Oct 27, 2009 1:38pm
Forum: GratefulDead Subject: Re: thought for the day

right on wordsmith

theres nothing like a heavy mental brainstorm @ 12 http://www.youtube.com/watch?v=LZcoHBTonQU good for the body, good for the soul

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Poster: jglynn1.2 Date: Oct 27, 2009 9:46am
Forum: GratefulDead Subject: Re: thought for the day

If you listen with the volume so loud you can't hear people calling you an idiot, are you really an idiot?

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Poster: direwolf0701 Date: Oct 27, 2009 9:40am
Forum: GratefulDead Subject: Re: thought for the day

i currently have the volume set to 11

:)

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Poster: jglynn1.2 Date: Oct 27, 2009 9:20am
Forum: GratefulDead Subject: Re: thought for the day

I wonder where the hurt balls guy falls on that spectrum

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Poster: direwolf0701 Date: Oct 27, 2009 9:39am
Forum: GratefulDead Subject: Re: thought for the day

man - there is certainly some internal noise when THAT happens ;)

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Poster: SomeDarkHollow Date: Oct 27, 2009 9:39am
Forum: GratefulDead Subject: Re: thought for the day

If the hurt balls guy falls in the forest, does anyone hear it?

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Poster: direwolf0701 Date: Oct 27, 2009 9:52am
Forum: GratefulDead Subject: Re: thought for the day

depends upon where the nuthatch winters

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Poster: William Tell Date: Oct 27, 2009 4:08pm
Forum: GratefulDead Subject: Re: thought for the day

Oh yeah...now we're talking...red breasted nuthatch. White breasted nuthatch.

Who'd of thunk there were that MANY nuthatches?

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Poster: robthewordsmith Date: Oct 27, 2009 4:20pm
Forum: GratefulDead Subject: Re: thought for the day

nuthatch, n.
colloq. (orig. U.S.).
= nuthouse n. at NUT n.1 and adj.2 Compounds 2.
1928 D. TOTHEROH Burlesque iv. 26 Seems she's gotta old lady in the nut hatch out in Idaho.
1949 R. CHANDLER Little Sister xxxiv. 238 The Chateau Bercy...had...a general air of having been redecorated by a parolee from a nut hatch.
1991 I. SINCLAIR Downriver (1995) i. 10 They thought I was doing the decent thing - bringing him out for the afternoon from the nuthatch.

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Poster: Styrofoam Cueball Date: Oct 27, 2009 8:52pm
Forum: GratefulDead Subject: Re: thought for the day

Which one has wings a mile long?

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Poster: vapors Date: Oct 28, 2009 3:32am
Forum: GratefulDead Subject: Re: thought for the day

“They get their common name from their habit of jamming large nuts and acorns into tree bark, then whacking them with their sharp bill to “hatch” out the seed from the inside. White-breasted Nuthatches may be small but their voices are loud, and often their insistent nasal yammering will lead you right to them.”
http://www.birdsasart.com/White-breasted-Nuthatch-on-log-Rondeua-ONT-_H2D0697.jpg
http://static.guim.co.uk/Guardian/environment/gallery/2008/feb/12/wildlife1/GD6225337@nuthatch-Chris-Br-6086.jpg

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Poster: robthewordsmith Date: Oct 27, 2009 9:48am
Forum: GratefulDead Subject: Re: thought for the day

Oh the ignominy of being known forever more as 'the hurt balls guy'.

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Poster: deadski Date: Oct 27, 2009 10:43am
Forum: GratefulDead Subject: Re: thought for the day

You must be listening to the wedding song, dire.

Here is a recording from your party on the lake last year. I think you were drunk. No wonder you've got hurt balls following you. I suppose they are blue.


:O


This post was modified by quarteroll on 2009-10-27 17:43:02

Attachment: quarteroll-Diana_Hamilton-whistling78s.m3u

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Poster: dead-head_Monte Date: Oct 27, 2009 11:00am
Forum: GratefulDead Subject: Re: thought for the day

The amount of noise which anyone can bear undisturbed stands in inverse proportion to his mental capacity.

The "roaring silence" is indeed deafening. Look, I haven't worked in over 3 years. How do you guys do it? I have boasted here and touted my pride and joy about my years with Ampex. Truth is, when I proudly moved to Colorado Springs in 1979 to work for Ampex as electronics technician, they were just beginning to out-source their manufacturing for their Audio products line. That's right! — it's true. I was standing right there as Ampex out-sourced their Audio products manufacturing to Juarez, Mexico in summer/fall of 1979. And I have dealt with out-sourcing my entire career.

Then I worked for Ampex after that as field Engineer. This is also True! Ampex announced to the world in 1983 that they were getting out of Audio. Then I had to go on a series of service calls with one of the Ampex sales engineers - the guy who had all the big Audio custormers in NYC. Essentially, we had to go on-site to our customers and remind the Audio industry that, while we were "getting out of Audio," we still had the best service engineers in the industry.

So, after just 5 years with Ampex, I luckily leeched another 25 years of career off Ampex's coat-tails. Every employer that hired me over those 25 years said the same thing at my interview, regarding my qualifications and why they wanted me, when making me the job offer: "You worked for Ampex, didn't you?" I was very, very lucky. I wonder about all the other electronic techs and engineers that didn't work for Ampex. What about them? What happened to them?

Like most of you, I've lived in about 15 states. Unlike most of you, and due to "some" career success, I never settled down or got married. I kept changing jobs and moving, working in many TV stations, Cable-TV facilities, production houses, and I even worked in the Persian Gulf all of 1994. I also worked 30 months straight on graveyard shift as a techinical maintenance engineer in the Denver Tech Center early this decade. I did it strictly for The Money. I saved every nickel, worked all the overtime I could, and lived as cheaply as was reasonably possible. I took alot of criticism and heat from many of my peers, several of my friends, and a few lady friends for "not spending lots of money." Since age 40, I have become hyper-isolated because I moved around the country many more times.

That's how I did it. I have No Idea how everyone else is managing to get by. I don't buy stuff. I don't eat out. I eat cheap and healthy. Pretty much, I eat about one meal a day. I weigh about 140 pounds, so it's pretty cheap for me to eat small portions. For others, I'm sure eating well takes some time and some cherry-picking. I bought a small place in Fort Collins just over 3 years ago, a very small place. My savings are running out. My itty-bitty retirement savings got wiped out too - just like millions and millions of us. Mine went down to one-third of its peak value when The Market crashed last year. I stayed in the market which was a pretty stupid thing to do. Now it has doubled in value by 2 weeks ago just as The DOW was about to break 10,000 again. But my savings are still 33% below its peak amount 3 years ago. Who cares? I felt very lucky and I cashed out and transferred my savings into a Money Market account 2 weeks ago. Now it's earning zero percent interest. At least I know it's there.

I have no health insurance. I am busy explaining to Health Providers and Dentists that, "Selling my small 750 square foot place, and moving into my car - just to get "medical care" - is NOT an option, and I will defend myself against this atrocity!"

It's a sucker's rally right now on Wall Street, imo. The banks, Wall Street, and your government aren't being honest with you right now. The debts are piling up hugely, and we don't make or manufacture anything here in the USA, so you've got to be kidding me. Who cares if the housing foreclosures numbers are somehat less severe lately? The Late Payments and deliquencies ARE Going UP!!! These are not sub-prime loans. Unemployment is ridiculous and getting much worse. How can you possibly tell people to invest in the stock market right now?

I fought and quit a horrible cigarette addiction and habit. No cigs for 13 years this time. Struggled with Coke like so many of you, and got over that. I have never liked to drink alcohol, perhaps I drink one case of beer per year. Many people are struggling with the Food Industry's decisions to prey on us by exploiting our addictions to fat, sugar, and salt. A new report from the Centers for Disease Control and Prevention warns that the direct medical costs of obesity total about $147 billion a year. That amounts to nine percent of all US medical costs. It’s also over $50 billion more than the annual spending on cancer, in the midst of a national crisis with obesity.

Dr. David Kessler is the former commissioner of the Food and Drug Administration under Presidents George H.W. Bush and Bill Clinton. He is a pediatrician and served as the dean of the medical schools at both Yale and the University of California, San Francisco. His latest book is titled The End of Overeating: Taking Control of the Insatiable American Appetite. Here is an educational interview recently with Dr. Kessler.

I've smoked the magic weed for nearly 40 years. That's how I "did it" and that's how I continue to "deal with it." I have a legal permit in Colorado for medical marijuana. My caregiver grows it for me, harvests it for me, cures it for me, delivers it to me, and gives me one ounce of 5-star medicine each month — all for free, no charge to me anymore. I enjoy listening to GD and enjoy living in Colorado. I go outdoors and enjoy it immensely everyday. My best years are well behind me.

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Poster: jglynn1.2 Date: Oct 27, 2009 11:42am
Forum: GratefulDead Subject: Re: thought for the day

Cool

I am counting on having to work until I drop dead. Never really had any savings to speak of so didn't lose anything in the market crash. Still have my job so can still live paycheck to paycheck. Wife is back in school to get a degree in massage therapy - this is good as she wants to do it and the kids are getting older, she's always been interested in health & nutrition.

Prior to settling down I worked on fishing boats - the carefree life of a bachelor.

I too am concerned about the amount of debt this country is taking on - it is not sustainable - I worry more about my kids future than mine. Of course they can all stay at home if they want - I'll be here working and paying bills for as long as I can.

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Poster: skies Date: Oct 27, 2009 3:41pm
Forum: GratefulDead Subject: Re: thought for the day

Jglynn : I understand your situation and millions of europeas are doing sameas you . Hoping to keep a job from month to month to pay he bils and have a roof for the kids ,even if they are grown up . And France is small country (compared to America yet in 5 years the national debt rose to 1500 billions euros ! what for ? Mostly to hand out all the country's wealth to bansters who play with it on wall street casino ! I t's a huge rip off against "we the peopl" of the world and we should all declare the debt as not valid because if we don't do that the banksters will continue to rip off generations of people !

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Poster: Mandojammer Date: Oct 27, 2009 1:54pm
Forum: GratefulDead Subject: Re: thought for the day

jg -

If you really are concerned about how much debt the morons in DC are piling on the backs of your great grandchildren a good start would be a letter to your Congressional and Senatorial representation to get the fuck on board and support HR1207 or SR 604 (Federal Reserve Transparency Act).

The Fed has pissed away TRILLIONS of dollars chasing toxic debt and propping up a banking industry that is fundamentally flawed. Fractional Reserve Banking is bad enough - allowing these fuckers to speculate in derivatives and other uber high risk pursuits is idiocy - and you and I have to pay for it.

I'm one of the lucky ones - I have a retirement from my time in the Navy that I can just about live off of. My family retirement medical insurance is pretty darn good and even when the system melts down, my pension and medical coverage will be among the last programs to go.

The Central banking system that has the country's balls in a vice needs to go and the sure way to hasten that end is to completely open up the Feds books and expose them for the utter fraud they are perpetrating on all of us. The downside is our economic system will invert overnight - but at least we will have enough pissed off people to wrest control back.

Without getting all Red White and Blue on you guys, I'll leave you with this quote I read somewhere (my emphasis in Caps):

"That whenever any form of government becomes destructive to these ends, IT IS THE RIGHT of the people to alter or to abolish it, and to institute new government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their safety and happiness....But when a long train of abuses and usurpations, pursuing invariably the same object evinces a design to reduce them under absolute despotism, it is their right, IT IS THEIR DUTY, to throw off such government, and to provide new guards for their future security."

That about sums it up for me.

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Poster: srtg83 Date: Oct 27, 2009 6:09pm
Forum: GratefulDead Subject: Re: thought for the day

Mando

Up here in the Great White North, we avoided the meltdown without having to bail out one single financial institution or insurance company. How did this happen? Very simple, few, large, highly regulated banks with reserve ratios that are the highest in the G20. You will never get away from fractional reserves banking but at least you can manage risk by sufficiently capitalizing your banks. You are right, though, this is strictly a political decision.

"We will not remind market participants of the many oaths they swore a year ago; nor do we expect scores of financiers to join religious orders," Carney (Bank of Canada gov.)said. "However, we do expect those fevered battlefield vows to be respected."

"Ultimately, Carney said, the system must be set up so that risk is again assumed by financial institutions. But if they fail, so be it." Amen.



This post was modified by srtg83 on 2009-10-28 01:09:57

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Poster: Mandojammer Date: Oct 28, 2009 10:25am
Forum: GratefulDead Subject: Re: thought for the day

srtg -

You are lucky up in the land of Labatts Blue. As you no doubt know, the way the FRB system runs down here makes a redneck family reunion look normal. For those who don't understand FRB here is a greatly simplified version.

I deposit $10,000 into my bank. My bank can loan 90% or $9,000 of that money to the next customer. In walks PM Tell - who takes out a loan for $9000, and it just so happens that he gets my $9K. Out he goes and heads off to a bank where he has another account and deposits the money.

Along comes Dire - desperately in need of a loan to pay off some extortion scheme (we can only guess). PM Tell's bank can loan $8,100 which just happens to be what Dire needs. So Dire takes out the loan for $8,100 and in a twist of irony pays off the perfesser of parsing - RobTheWordsmith. RTWS happily collects and takes the $8100 to his bank and deposits it. Two days later BD comes in to cover some bad bets on UNC football and takes out a loan for - you guessed it - 90% of RTWS' $8,100 - or about $7,200.

Add them up - $10K + $9K + $8.1K + $7.2 = $35K of money in the 'system' and only $10K of real capital to cover it. If anyone in the chain defaults - all of the money (which is in fact debt that has been loaned into existence )is gone.

Now comes the fun part - for whatever reason, the 'system' allowed regional and national level banks to bundle these loans into attractive derivatives and sell them to speculators (typically other banks). For the sake of this argument I greatly simplified the loan examples - all of us know that the big issue lately were the packaged Mortgage Backed Securities and mortgage related derivatives.

There was so much swapping of these horseshit MBSs and derivatives back and forth that literally trillions of dollars of money/debt was created out of thin air. It only took a fraction of the holders (in some cases as low as 4-5%)to default and the entire fucking system would come falling down under the weight if its sheer idiocy.

The problem was the vast amount of money in these ponzis that were backed by US Treasuries and the incestuous relationship between our Federal Reserve officials, Treasury officials, Wall Street and ginormous investment houses. Geithner came from the New York Fed - where he authored the JP Morgan Chase and Bear Stearns bailouts before being picked as Treasury.

OPINION WARNING - Am I the only one who thinks this is about as fucked up as it can get? I mean, besides putting the Queen of Botox Pelosi and Harry 'The Alien' Reid in charge of anything. Shit, I'd rather have Al Sharpton in charge of my company's Equal Employment Opportunity division. Yeah - I lean to the right a little, but not as far as some of you think.

Here's how I see it. The US system of debt/money and our economy are smack in the middle of a larger international system that has been stacked on top of itself like a gigantic jenga game.

And for some reason - putting Bernanke and Geithner in charge of extricating us from this mess is like picking Michael J. Fox as our guy to go pull out a block? And then we are going to be surprised when the whole pile collapses????

No problem.

Fire up the printing presses and loan a couple more trillion into existence. That Weimar thing? Fluke. Argentina collapse - can't possibly happen again. Zimbabwe?? Naaaah - a billion Zimbabwean dollars for three eggs is a fair price.

Obama says so - because hope is a winning strategy. WTF?

I myself am betting on aliens landing in Central Park. And hoping that they piss light sweet crude and shit .999 gold brick.

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Poster: jglynn1.2 Date: Oct 29, 2009 9:08am
Forum: GratefulDead Subject: Re: thought for the day

Don't worry Mando

Cap & Tax (I'm mean trade) will shore everything back up

http://online.wsj.com/article/SB10001424052748703574604574500013927534676.html

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Poster: Mandojammer Date: Oct 29, 2009 9:16am
Forum: GratefulDead Subject: Re: thought for the day

Just another lefthanded way for the Pimp of Hope to redistribute the wealth.

I for one can't wait for the complete collapse of the US economy. I just hope it happens before 21 December 2012 when Lex Luthor arrives in his solar-powered batmobile to take the chosen of Xanadu back to the volcano on Antares.

I mean there has to be something to it - didn't they recently find WASP-17 - some retrograde exoplanet in Scorpio that will usher in the end of the world?

Cue "Toccata and Fugue in D Minor" featuring Dick Cheney as the Evil Organ Player.

or this dude

http://hk.video.yahoo.com/video/video.html?id=664046&;p=5

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Poster: srtg83 Date: Oct 29, 2009 8:24am
Forum: GratefulDead Subject: Re: thought for the day

Great Post Mando

If anyone is interested in reading more about these legalized ponzi schemes, I highly recommend a piece by Matt Taibbi in the October 15 issue of Rolling Stone titled "Wall Street's Naked Swindle" (p.50). It is a stunning description of a type of "short sale" called "naked shorts" that brought down Bear Stearns and Lehman Bros.

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Poster: dead-head_Monte Date: Oct 29, 2009 10:28am
Forum: GratefulDead Subject: Re: thought for the day

Good one, Mando. I would remind people, as you were alluding, about the "fixters" at the financial instrument ratings agencies - Moody's, and Standard & Poor's, are the 2 biggest. These ratings agencies fixed much of the Ponzi shemes. They took JUNK - these were the all the bad sub-prime loans - and they spread or drizzled them around into mortgage-backed securities and other dilluted financial instruments. So they fraudulently produced AAA ratings in many cases. They did it on the "inside," by using their tooth-fairy analysts at Moody's and Standard's & Poor's to "bait 'n switch" these investment securities. The analysts told their computer models, and they were telling the world, "Housing Prices and values will always go up. They will never go down." Yep, and I am Santa Claus. Then AIG sold hundreds of $$$billions of phony insurance for this shit! They made $Billions. Wait, we are paying the bill for AIG.

Some of this JUNK spread into complex derivatives and credit default swaps. Greedy Hedge Funds investors, Wall Street big firms, Big Banks and investment firms got super-greedy and way over-leveraged themselves on this crap. They made huge salaries and bounuses. Meanwhile regular people were encouraged to just keep getting more greedy too, and keep taking on and piling up ever-increasing amounts of debt, just like the fabled Pied Piper.

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AAA is supposed to be the best, safest, most secure financial rating in the world. It's as good as gold. It's as good as the air we breathe, the water we drink, and the food we eat. Without AAA, the system falls apart. No one has been punished, there were no penalties, and there are no new regs. We lost our shirts. Here we are. The recession is over.

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Poster: skies Date: Oct 29, 2009 10:45am
Forum: GratefulDead Subject: Re: thought for the day

Raters and ratings were corrupt ,big business , big medias , pig politiciens , all together preaching loudly what a wonderful world it is , so buy ,buy ,buy ,on credit , and then pay pay pay foremore for AAA ratings !These scams go on since wall street was invented .Methinks ,that exactly why wall steet was set up for , scamming on those little people gullible about medias's propagandia . Wars are sold the same way to the people !

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Poster: dead-head_Monte Date: Oct 27, 2009 6:39pm
Forum: GratefulDead Subject: Re: thought for the day

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ShowDownInChicago.org

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yep, and The ABA (American Bankers Association) are having their convention in Chicago right now. Last night, hundreds of angry protesters showed up to PROTEST these evil scumbags who were going to pig out at their opening reception, while the rest of us are screwed. Check out this short YouTube video clip from there last night. It's people just like you and me, angrier than a hornets' nest being pissed upon. Look at these BANKING CRIMINALS & THUGS - caught on-camera! All of them are very clearly ashamed to be seen in public at this event. Look at them and see for yourself — only one Banker is smiling, some look down, others look away, a few look into the camera - looking just like child sex predators that just got caught by the cops. Where's some baseball bats? Here's the short YouTube clip of a bunch of angry protesters inside the Sheridan Hotel lobby there. Notice the strectch Limo going by, also caught on-camera.



This post was modified by dead-head_Monte on 2009-10-28 01:39:32

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Poster: direwolf0701 Date: Oct 27, 2009 5:36pm
Forum: GratefulDead Subject: Re: thought for the day

thank god banking reform doesnt take effect until February! I mean, how could they pay for their "convention" otherwise?

(fuckin trash financiers)

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Poster: jglynn1.2 Date: Oct 27, 2009 2:44pm
Forum: GratefulDead Subject: Re: thought for the day

Thanks Mando. Being in NY I can't say as I have much hope for my representatives doing anything I can certainly petition them.

I just checked and 13 NY Congressman are co-sponsors of HR 1207

Surprise surprise - none of the NY senate members are co-sponsors of S 604 - guess I'll have to send some letters.

http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/



This post was modified by jglynn1.2 on 2009-10-27 21:44:30

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Poster: skies Date: Oct 27, 2009 3:38pm
Forum: GratefulDead Subject: Re: thought for the day

Groovy DeadheadMonte ! With a wink from France !